American Electric Power Company, Inc. (NASDAQ:AEP) Shares Sold by Cwm LLC

CWM LLC lowered its position in shares of American Electric Power Company, Inc. (NASDAQ:AEP - Free Report) by 14.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,667 shares of the company's stock after selling 4,159 shares during the period. CWM LLC's holdings in American Electric Power were worth $2,586,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Clarius Group LLC raised its stake in shares of American Electric Power by 2.5% in the first quarter. Clarius Group LLC now owns 3,966 shares of the company's stock valued at $433,000 after acquiring an additional 95 shares during the period. Safeguard Investment Advisory Group LLC raised its stake in shares of American Electric Power by 4.3% in the fourth quarter. Safeguard Investment Advisory Group LLC now owns 2,414 shares of the company's stock valued at $223,000 after acquiring an additional 100 shares during the period. Marcum Wealth LLC raised its stake in shares of American Electric Power by 3.0% in the first quarter. Marcum Wealth LLC now owns 3,468 shares of the company's stock valued at $379,000 after acquiring an additional 101 shares during the period. Ascent Group LLC raised its stake in shares of American Electric Power by 0.4% in the fourth quarter. Ascent Group LLC now owns 27,889 shares of the company's stock valued at $2,572,000 after acquiring an additional 102 shares during the period. Finally, Dark Forest Capital Management LP raised its stake in shares of American Electric Power by 2.3% in the fourth quarter. Dark Forest Capital Management LP now owns 4,537 shares of the company's stock valued at $418,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 75.24% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on AEP shares. BMO Capital Markets raised their price target on shares of American Electric Power from $111.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Wells Fargo & Company increased their target price on shares of American Electric Power from $107.00 to $114.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 7th. Guggenheim increased their target price on shares of American Electric Power from $109.00 to $115.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Raymond James Financial began coverage on shares of American Electric Power in a report on Friday, June 13th. They set an "outperform" rating and a $115.00 target price on the stock. Finally, Barclays increased their target price on shares of American Electric Power from $95.00 to $106.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, American Electric Power currently has a consensus rating of "Hold" and a consensus target price of $108.31.

American Electric Power Price Performance

AEP traded up $1.47 on Friday, hitting $107.40. 4,443,910 shares of the company's stock were exchanged, compared to its average volume of 3,241,118. American Electric Power Company, Inc. has a fifty-two week low of $89.91 and a fifty-two week high of $110.48. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 1.42. The firm has a 50-day moving average price of $102.92 and a 200-day moving average price of $102.79. The stock has a market cap of $57.37 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 2.85 and a beta of 0.42.

American Electric Power (NASDAQ:AEP - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The firm had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.33 billion. American Electric Power had a net margin of 13.73% and a return on equity of 11.68%. American Electric Power's revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 EPS. As a group, equities analysts anticipate that American Electric Power Company, Inc. will post 5.87 earnings per share for the current year.

American Electric Power Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Friday, May 9th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, May 9th. American Electric Power's dividend payout ratio is presently 71.68%.

Insider Transactions at American Electric Power

In other news, EVP Quinton S. Lies sold 10,141 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $102.68, for a total transaction of $1,041,277.88. Following the completion of the transaction, the executive vice president directly owned 9,658 shares of the company's stock, valued at approximately $991,683.44. The trade was a 51.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Matthew Feinberg sold 8,058 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $101.74, for a total value of $819,820.92. Following the completion of the sale, the executive vice president directly owned 10,274 shares of the company's stock, valued at $1,045,276.76. The trade was a 43.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,314 shares of company stock valued at $3,508,293. Corporate insiders own 0.07% of the company's stock.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.